A great many taxi drivers rather than spending time looking out for cheap taxi insurance instead decide to go with the first they come across. The problem with going with their first option is that they not only pay considerably more for it but it won’t always offer the kind of cover they need. Just as with other types of vehicle insurance there are certain things that a taxi driver can do which can help him/her with finding affordable taxi insurance in the future.

Below are few useful tips that can help you find cheap taxi insurance and keep your premiums down.

Tip 1 – It´s worthwhile spending time doing some research so that you can create a list of insurance companies that offer taxi insurance at reasonable rates. Doing this will get you in a position to quickly see what services they offer and whether their reputation for providing good quality insurance cover is sound. You will quickly be able to then determine just which of the many companies on the list you have created can be trusted and are reliable.

Tip 2 – You should consider choosing national insurance companies rather than just local ones. The reason for this being is that they provide you with private hire insurance cover not only where you live but also nationally. So ensuring that you are saving money not having to take an additional policy out should you need to travel any distance away from where you run your business from.

Tip 3 – After you have whittled down your list of possible companies to obtain cheap taxi insurance from now is the time to obtain quotes from them. Either you contact them directly by phone or the much quicker and easier way to obtain your quotes is by using their website to obtain it if they have one. Once you have received the various quotes in that you have requested, now is the time to sit down and go through each one and compare them. As well as looking at the actual premiums quotes compare the kind of coverage that they will provide you with.

Tip 4 – When looking the quotations provided make sure that you have prepared a list of your own particular requirements and look to see if they provide for these in their policies. Choose to look more closely at those cheap taxi insurance quotes where they meet nearly all or all of your particular requirements.

Tip 5 – Don’t be afraid to try a little negotiating with the company you wish to take taxi insurance out with before you sign anything. There are quite a few companies whose quotes seem unusually high but are willing to negotiate with their customers so that some really great deals can be had. By comparing what others have offered to you, this information can be used as a bargaining tool during your negotiations.

Most people think about a new home long before they actually get ready to head down to the mortgage officer. However, the truth is that you must make sure that you’re going to get the finer details beyond just the loan. If you buy a home, you’re going to have to get good home insurance. This isn’t just structural insurance, where the home can be rebuilt through the insurance proceeds. You must make sure that you’re also thinking about the contents of the home. If you were to pull out your clipboard and take a real inventory of your home, would you be able to put a value on everything you own? The worst can happen without us being ready for it. A fire could wipe out a family in mere minutes — are they going to be able to rebuild after such a thing?

If they have insurance, the answer is definitely yes. Most insurance policies will be a combined policy to cover both the house as well as everything inside. Do make sure that you’re taking good inventory of everything that you own. You don’t want to just go with the stuff that’s going to be cheap to replace. You have to think about how much it would cost you in today’s money, even if it has been years since you updated some things. That’s the best way to ensure that you really get to move on, rather than be held back.

Home insurance is actually a lot cheaper than you may have realized. The reason behind this is because you can qualify for different little discounts. Remember that the world of insurance is all about risk. So if you aren’t presenting yourself like a massive risk to the insurance company, then you will get better discounts. Having construction with fireproofing and more modern features leads to discounts. Home security systems may earn you more money taken off your premiums. Offering to pay a year’s worth of premiums in advance can yield more savings. Not filing claims for a while can also be a big money saver. The more low risk you appear to the company, the more likely it is that they’ll take care of things for you and give you some savings along the way. [Read more…] about New Home In Your Future – Get the Best Insurance Possible

Scams cost the insurance industry billions of pounds every year. As a result you might think getting away with such a crime is a piece of cake, however, those thinking they can make a quick buck by taking advantage of their policy should heed these cautionary tales;

The Canoe Man

In 2007 John Darwin and his wife Anne rose to fame after being found to have attempted one of the most audacious insurance scams of recent years. Back in 2002, in the face of crippling debt, the father of two decided to fake his own death, allowing his wife to collect a huge amount from pensions and insurance payouts.

He looked to deceive the authorities by rowing out to sea in a canoe and having Anne report him as missing. Though he was alive in well in hiding, after a search by coast guards of surrounding waters turned up nothing, he was thought to have drowned and was eventually declared officially dead.

He and his wife then attempted to move away to Panama, using their ill gotten gains to buy a tropical estate. However, various parties had become suspicious that something was amiss. Whilst they were looking at properties in Panama an estate agent snapped them together and used the photo on their site. A reporter looking into the case found the picture on Google images and the capper was up.

Possibly the saddest aspect of the whole story is that both his sons were never informed of the ruse. Both genuinely believed him to be dead until the plot was discovered.

The Black Widows

Helen Golay and Olga Rutterschmidt, a pair of pensioners from California, attempted to make millions through their acts of murder via a scam that was as shockingly heartless as it was lucrative.

The pair approached homeless men and promised to help find them shelter as a ruse to obtain their personal details. Once they had these, they took out multiple life insurance policies in their names. Finally, they killed them off.

They killed two men, Paul Vados and Kenneth McDavid, and had approached others before being caught. Between them they’d received over $2 million prior to being sentenced to life in jail.

John Mango

Unlike the Black Widows, who committed murder as a means of pulling of an insurance scam, John Mango accidentally ended up becoming guilty of seconded degree murder when he attempted a scam of his own.

Most ordinary people do not pay much attention to their insurance policies until something happens and a claim comes up. Like most of us they just make their premium payments and go on about their daily business. However, when something does happen, making a claim is not quite the piece of cake many would like to think. Insurance claims involve much more than what meets the eye.

If you are not careful your insurance company can walk all over you, figuratively speaking of course. This is when it will become especially necessary for you to know the difference between insurance loss adjusters and insurance loss assessors. You see, one is going to have your best interest at heart whilst the other is going to try hard to make sure your insurance company is found favourable in the situation. You would be wise to pay attention and know the difference before taking on your insurance company.

Insurance loss adjusters, also simply called insurance adjusters are hired hands that work for your insurance company. They are not going to be on your side in a claim as it is their duty to see that the insurance company comes out smelling like a rose. Never allow yourself to be fooled into believing an insurance loss adjuster is thinking of what is best for you.

To the contrary, insurance loss assessors are professionally skilled individuals whom you hire to look out for your best interest during a claim. These people work for the insured, not the insurance companies. Insurance loss assessors can be found through companies like Salmon Assessors which provide representatives 24 hours a day, seven days a week. They are highly experienced at representing people with insurance claims and being sure that everything is in order. If you are negotiating a claim then this is the type of worker you want to have on your side.

Engagement rings, promissory rings, and wedding rings are three pieces of jewelry that holds a great deal of sentimental and monetary value. Wedding ring insurance is a cover that is put into place to protect the value of these special pieces of jewelry. Insurance policies that cover wedding rings and other special to you should come up. The peace of mind that allows you to enjoy the special events of your wedding. Wedding ring insurance is a standard cover for any type of wedding or engagement party and even receptions. It’s important that people understand the process that would be involved with the loss should occur.

Wedding Ring Insurance – Loss

Many policies have a how-to guide that shows customers how to use policy or how to file a claim. Because weddings often happen on weekends, when offices are closed, make sure that the insurance cover that you choose has a 24-hour seven-day week, toll-free number that can be utilized in the event of loss.

Many insurance covers of a specific protocol that must be followed once a claim is made. The sooner the claim process is started the better outcome should be. Some insurance brokers may require that the authorities be involved.

Wedding Ring Insurance – Prevention

Insurance cover and insurance cover policies often have a disclaimer that talks about what the policy will cover and situations that make the policy void. It’s important to know the fine details before you need to use the policy. This is called prevention, and prevention is a powerful tool that can work for you or against you. Understanding the fine details insurance policy is the responsibility of the policyholder.

Many insurance companies have an online resource that helps to explain the fine details of policies. It is highly recommended that people review these policies and fully understand them before any situation comes up that may void coverage. It’s one thing to have a loss, but it’s quite another thing to have a loss and have paid for insurance that isn’t going to cover your loss because the policy is been voided.

The wedding ring is a symbol. It is a public display of a promise that was made between two adults. The sentimental value of a wedding ring is not even measurable. These are iconic possessions that cannot be replaced. Finding insurance coverage that protects these possessions is important. An important consideration for anybody who is searching for wedding ring insurance is to choose a company that understands the emotional value of a wedding ring.

Wedding Ring Insurance – Attributes of Quality Companies

A quality insurance company is not accompanying that is just there to take your monthly premium. The quality insurance company has thought about the process of filing a loss. This is a company who has walked through the footsteps of anybody who is experienced the loss. A quality company understands the importance of customer service. [Read more…] about Wedding Ring Insurance

If you’re traveling around the country this summer, you really need to make sure that you have the right insurance. Now, you might be thinking that we’re crazy. Don’t we know that you’re a smart motorist? Don’t we know that you have plenty of auto insurance to cover you in the event of an accident? This is all true, and we know that you’re a very careful driver that cares about how you handle the road. However, you might not have considered the fact you’re carrying a touring caravan with you. That changes the game entirely, and it’s important that you figure that out. You need to make sure that you have looked up adequate insurance. Since you’re carrying an extra load, there is increased liability. You don’t want your auto insurance company to tell you that you’re out of luck merely because you didn’t have the extra insurance, right? This could mean thousands upon thousands of pounds worth of damages that you’re going to have to pay for. Is your savings account really ready for all of that?

Instead of worrying, you’re going to be able to figure all of these things out on your own. That’s the best part about all of this. There’s no more need to worry or fret about what moves you need to make. We’ll get you sorted out here in just a second.

See, what you need to do is go online to look up insurance quotes for touring caravans. Instead of trying to go to the little insurance shop right by your home, you can stay in the comfort of your own flat and get things taken care of online. It’s not always the easiest road to travel, because you are still going to have to look up quotes and really read the fine print, but it’s definitely worth it. Why wouldn’t you want to figure out exactly how to get things moving in the right direction? Some people put this off because they believed that it’s going to be too expensive, but that’s not the case at all. What you’ll actually find is that there are plenty of great caravan covering companies out there that will give you a fair deal.

It’s important that you fill out each quote request honestly. Insurance companies have plenty of databases at the ready to check things out. It doesn’t make any sense at all to try to cheat the system. The only thing that’s going to do is make it harder for you to get the coverage that you not only need, but also deserve.

Naturally, if you have any questions at all during the process, you need to follow up with the insurance provider before you commit to one company or another. Don’t be afraid to ask up front about any discounts that you may be entitled to.

Each income protection insurance policy includes restrictions and exclusions that may limit a policyholder’s cover. When you purchase income protection insurance, or IPI, it’s imperative to review these restrictions carefully so that you are aware of the scope of your financial protection. You can learn about these restrictions by reading the policy wording, which is included with the documents that an insurance company provides.

The key features brochure of an IPI policy will detail the restrictions of a policy in a condensed form. You can request a key features document from an insurance provider before you buy coverage to ensure that you understand the exclusions of a policy. Ask a representative from the insurance company to clarify any exclusions that are not fully explained in the policy documents.

Restrictions on IPI Payouts

The payouts from IPI will prove extremely useful if you should be unable to work because of a severe illness or debilitating injury, but IPI benefits will not replace your entire income. IPI payouts are restricted to a set percentage of your gross earnings, generally 50 to 70 percent, depending on how much you earn and the extent of your coverage. Insurance providers limit IPI payouts in order to encourage their policyholders to return to work rather than relying on their benefits for financial support.

After you become unemployed, your weekly or monthly IPI payouts will not begin right away. Once your claim has been authorised, you must wait for the deferred period to end before you will begin receiving your benefits. As the policyholder, you have the right to select a deferment period that suits your financial circumstances. Many policyholders choose a deferred period of 3 to 6 months; however, your insurance provider may give you other options.

IPI payouts will continue until you go back to work, reach state pension age or pass away, or until your contract with the insurance company expires. The term of your contract may affect the cost of your coverage. Because of the restrictions imposed on the amount and duration of IPI payouts, most policyholders must rely on addition sources of financial support, such as state benefits or personal savings, when they become unemployed.

Excluded Medical Conditions

The primary purpose of IPI is to provide financial protection against unemployment caused by injury or illness. Some short term income protection policies may pay out for unemployment caused by redundancy, as well. Whilst IPI covers a wide range of health related circumstances, this product excludes a number of medical conditions. If you have a pre existing illness, IPI will generally not pay out if you become unemployed because of that condition. However, coverage and exclusions may vary from one insurer to the next.

Most IPI policies exclude deliberately self inflicted injuries, drug or alcohol abuse and injuries caused by war or terrorism. IPI also excludes pregnancy, which is covered under Statutory Maternity Pay through one’s employer. IPI will not pay out for minor illness or short term physical ailments, such as colds or muscle strains. However, employees may claim Statutory Sick Pay through their employer if they are unable to work for four or more days in a row because of an illness or injury.

Learning the restrictions associated with an IPI policy will help you and your family prepare for a period of unplanned unemployment. Most households must amend their budget and draw from several resources to cope with an extended loss of income. State benefits are available to assist employees who cannot work for health reasons. Having an emergency strategy in place will help you to prepare for any eventuality.

There are many types of insurance available in the market. The most common ones are life insurance, home insurance and critical illness insurance. Very few people realize that there is also income protection insurance. Like its name, the income protection insurance covers the policy holder in the event that he or she is unable to work and generate a decent income on his or her own. This form of insurance is available in the United Kingdom, Australia, and Ireland.

Should the policy holder become incapacitated to work after a certain period of time, the insurance company will disburse the benefits guaranteed in the insurance agreement to the policy holder. The agreed benefit is usually a sum of money equivalent or of similar amount earned by the policy holder before he or she was unable to perform at work due to an accident or illness. This sum of money is paid to the policy holder on a regular basis; usually every week. This income received by the policy holder is tax free.

Most of the time, the insurance company will waive the premium when the policy holder is proven to be unfit for work. However, should the policy holder recover and begin to work part time, the insurance company will reduce the amount or benefit given to the policy holder. This is to encourage the policy holder to return to work and not depend solely on the insurance.

There are also many variants of the income protection policy. The renewable policy allows the policy holder to renew the policy in terms of obtaining a higher sum assured. However, the insurance company has the right to refuse the renewal based on the policy holders’ age and type of occupation. The initial premium for the renewable policy is cheaper but it gradually increases with each renewal as the policy holder becomes older. Besides that, there is also the reviewable policy where every five years the premium rate will be revised to reflect the age and health of the policy holder.

In addition to that, there is the increasing policy where the benefit payable to the policy holder increases over time to contrast the increasing inflation rate. On top of that, there is also the investment linked policy where the premiums are more expensive as a portion of it goes to an investment fund. Finally, there is a group policy which employers purchase for their employees.

Trying to make sense of the world of insurance has never been easy. There are so many providers trying to tell you the same thing: that they unlike any other can protect your family. At the end of the day, isn’t that what it all boils down to anyway? We want to go with someone that’s going to protect our family and keep them safe. We want to go with someone that’s going to make sure that our family truly feels taken care of. We want to go with someone that makes sure that we have a life that’s well guarded, because uncertainty is everywhere. We just don’t know whether we’re going to get into a car accident or have to deal with the loss of a loved one, turning our world upside down as we try to figure out how to pick up the pieces. There are so many different things that can happen when it comes to taking care of a family that you can really never be too cautious. In addition, what price can you really put on peace of mind and well being?

We know that you don’t have a lot of time to make this decision. If you already have insurance, it might be time to see whether or not you need to add some products to the list. If you already have private health insurance, you still might want to have disability insurance carried on your person. This is also referred to as critical illness insurance. Again, we’re not trying to say that you’re automatically going to need it. However, you may come to a point in your life where a disease takes away the things that you really love. Instead of fretting endlessly about it, why not make sure that you have just about everything that you need to get past it and more?

The more that you can take care of your family, the better you will feel. The old search for better insurance meant a lot of phone calls. Now you can go online and literally just compare the insurance plans on your own. This will give you the power to make the best decision for everyone involved. There’s nothing wrong with thinking that you have to make a snapshot decision. It’s going to be more about what you can find online in a short time period.

If you do have questions about what a company is trying to offer you and you can’t figure out the fine print, call them up and ask them directly. They have to honor online offerings the same way they would honor an offering made face to face. Don’t settle for cheap excuses when you can do better than that!

When you’re trying to figure out what you really need, it’s hard to actually sit down and have that type of conversation sensibly. You might feel that it’s impossible to get everyone’s attention. You might even feel like you’re just going to be pulling teeth when it comes to getting the answers you need. Trust us, we really don’t want to see you pulling teeth or getting worried about anything at all. You have to make sure that you’re focusing on a bigger picture, a better picture than what you have currently.

This is why income protection insurance is actually pretty important. Simply put, it’s money paid out to you if you are injured or disabled and no longer able to perform your occupation.

Keep in mind that you’re not going to get your complete salary paid to you. That’s why it’s still a great idea to keep saving money and having other sources of income coming in like royalties or money from another business. You also want to be able to ensure that you can handle waiting during the time your claim is begin processed and the money paid out to you. This usually takes about 30 days, but it’s definitely worth it. Anything that you can do to hold on during that time is probably for the best.

The deferral period is really what determines how much your premiums are going to be. If you’re really serious about income protection, you really need to make sure that you set your deferral period a slow as you possibly can. This will make it a lot easier to actually have the money sent to you faster. Now, if you have other sources that you can tap into for a little while, you might go with a higher deferral period to save some money. Everyone has to make a different decision when it comes to that, so don’t get stuck hoping that everything is going to just fall into place. You need to honestly be certain that you have things going smoothly.

Government schemes for disability are equally slow to kick in, and they don’t pay out nearly as much as you might think. Why go through life being unable to really get the protection you need when income protection is there in the form of an insurance policy? Like other forms of insurance, you will definitely want to shop around. Your employer might offer a policy at work, and that should be your first place to check out.

We know that you might be leery of insurance products after the entire PPI scandal went down, but income protection is actually legitimate. It’s been shown that insurers pay out 90-95% of all income protection claims. This is definitely a great thing, as it means that the help will be there when you really need it to be there.

Good luck with your decision. Once you look around at the insurance world, you’ll find that there are actually a lot of different companies out there looking for you with plans that are going to help you out with no trouble at all. Look into them today!